Photronics Inc (PLAB)

Return on assets (ROA)

		Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Oct 31, 2019	Jul 28, 2019	Apr 28, 2019
Net income (ttm)	US$ in thousands	137,679	125,485	117,934	122,205	109,708	118,786	101,537	87,383	70,477	55,449	42,098	35,798	31,556	33,820	37,060	32,631	34,826	29,793	32,580	39,238
Total assets	US$ in thousands	1,582,840	1,526,220	1,503,340	1,451,020	1,441,680	1,315,830	1,349,600	1,331,890	1,335,250	1,294,200	1,281,760	1,265,990	1,232,060	1,188,180	1,195,840	1,133,890	1,125,460	1,118,660	1,114,200	1,085,240
ROA		8.70%	8.22%	7.84%	8.42%	7.61%	9.03%	7.52%	6.56%	5.28%	4.28%	3.28%	2.83%	2.56%	2.85%	3.10%	2.88%	3.09%	2.66%	2.92%	3.62%

January 28, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $137,679K ÷ $1,582,840K
= 8.70%

To analyze the return on assets (ROA) of Photronics, Inc., we can observe the trend in ROA over the past eight quarters. The ROA of Photronics, Inc. fluctuated during this period. It peaked at 9.03% in Q4 2022 and reached its lowest value at 6.56% in Q2 2022.

Overall, the company's ROA has shown relatively consistent performance, with ROA ranging from 6.56% to 9.03% over the past eight quarters. This indicates that the company has been able to generate profits relative to its total assets during this period, though the magnitude of return has varied.

It is important to note that a higher ROA signifies better asset utilization and efficiency in generating profits, while a lower ROA may indicate inefficiencies in asset management. Therefore, sustained monitoring of ROA trends is essential for assessing the company's financial health and operational efficiency.